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World Economy: Forecast for the Year 2050

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  • V. Klinov

Abstract

Forecasting long-term trends in the world economy is a necessary element of elaborating a strategy of economic development. The forecast for 2025 and 2050 has been worked out using concepts of Kondratieff long waves, catching-up pathways of development as well as modern trends in demographic processes. The estimates of changes in the geographic structure of the world economy, so derived, are compared with forecasts based on extrapolation of trends in the last 30 years of the 20th century, made up by prominent think tanks. The formation of the multi-center structure of the world economy and probable emergence of Russia as one of the global powers may imply that worldwide cooperation in securing supply of natural resources and protecting the environment will become a crucial problem of international relations.

Suggested Citation

  • V. Klinov, 2008. "World Economy: Forecast for the Year 2050," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 5.
    • Handle: RePEc:nos:voprec:y:2008:id:1298
    DOI: 10.32609/0042-8736-2008-5-62-79
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